As a result, the State budget collection in 2016-2017 far exceeded estimates by 9.3 percent and 6.3 percent respectively. Budget revenues at central level accounted for 55-56 percent of the total revenues while localities contributed 44-45 percent. The State budget spending in 2016-2017 was strictly controlled with regular expenditures reaching about 62-63 percent. Relating to the execution of financial disciplines, Dung said the National Assembly has promulgated some laws stipulating responsibilities of each budget management units. The Minister said stronger measures should be taken to tighten financial disciplines while inspection work should be intensified and wrongdoings in financial, budget and State property management strictly punished to curb the above-mentioned problems.

Source: VietNamNet News May 26, 2018 10:07 UTC